South Africa’s Nedbank Capital said on Wednesday it had acquired Mining Capital Equipment, a unit of U.S drilling services group Boart Longyear , through a leveraged buyout.
Nedbank Capital, a unit of banking group Nedbank , bought the unit for an undisclosed amount with black empowerment group Matasis Investment Holdings and management.
“The business is focused and [...]

The multi-billion dollar mining project in Mati City has caused rift not only between the mining companies involved in the project but also among indigenous people living in the area.
Mandaya tribal group chieftain Rufino Mapinogos, said in an interview at his residence in Barangay Macambol, that there are some lumads who oppose the mining project [...]

Hana Mining Ltd. “We now have three drill rigs operating in three separate areas; two are in Zone 2 and 4 kilometers apart and the third is 95 kilometers northwest in Zone 6. We are intersecting copper mineralization everywhere the prospective horizon has been drilled,” states Peter Wilson, President of Hana Mining.
Hana is pleased to [...]

Mantle Mining Corporation advised that an upgraded resource estimate has recently been completed for the Granite Castle Project by Dr William Yeo MAusIMM. A summary of the underlying data and the methodology used for the resource estimates is appended to this announcement. Resource estimates of both gold and silver, from the 690m RL to the [...]

Silver Falcon Mining, Inc. today released the results of the first trip this year to the summit of War Eagle Mountain.
A cursory examination of the War Eagle tailings dump resulted in an upward revaluation of the quantity of ore held in that particular dump and samples taken at random showed definite signs of gold mineralization. [...]

UNION GOLD INC. a TSXV listed Company, announces that it has today entered into an binding agreement (the “Letter Agreement”) with respect to a proposed amalgamation or plan of arrangement, or other form of merger or business combination (the “Transaction”) with Shoal Point Energy Ltd. (”Shoal Point”).
About Shoal Point Energy:
Shoal Point Energy Ltd. is a [...]

Lundin Mining Corporation (”Lundin Mining” or the “Company”) would like to cordially invite all to attend the Company’s Annual General Meeting of Shareholders to be held on June 5, 2008 in Toronto. Mr. Phil Wright, President and CEO, will present a corporate update on the Company. We hope you can join us!
Lundin Mining Corporation
Annual General [...]

Oil prices dropped below $129 a barrel. The sharp decline came amid a growing sense that soaring gas and oil prices have cut demand for fuel during the normally busy summer driving season. At the pump, retail gasoline prices rose, but only slightly.
Light, sweet crude for July delivery fell $3.34 to settle at $128.85 a [...]

CIBC World Markets Chief Economist Jeffrey Rubin thinks high energy costs could result in a sort of reverse globalization, as some overseas manufacturing is forced to return closer to home.
Rubin says the cost of shipping a standard 40-foot container from East Asia to the eastern U.S. has risen from $3,000 in 2000 to about $8,000, [...]

A new report from Cambridge Energy Research Associates (CERA) says the cost of building a new power plant has more than doubled since 2000.
Wind energy showed the biggest rise in costs — 6 percent since the third quarter of 2007 and 108 percent since 2000 — as rising demand for wind turbines boosted equipment costs [...]